Italian PPA-linked solar profile offered

Mar 23, 2020 04:25 PM ET
  • Chinese-Canadian module maker Canadian Solar and also Italy's Manni Energy have actually marketed 5 PV plants with a complete generation ability of 17 MW to Dutch independent power manufacturer Sonnedix. The Sicilian projects are amongst Italy's initial functional unsubsidized PV centers.
Italian PPA-linked solar profile offered
Image: gregroose/Pixabay

Netherlands-based independent power manufacturer Sonnedix has actually consented to acquire 5 PV plants with a consolidated generation ability of 17.7 MW in Sicily, southerly Italy, from a joint endeavor developed by Chinese-Canadian module supplier Canadian Solar and also Italy's Manni Energy.

The economic regards to the offer were not revealed.

Yearly power manufacturing from the 5 centers, all situated in the district of Agrigento, is approximated at around 34 GWh.

The plants were appointed last month as well as are offering power under a 10-year power acquisition contract (PPA) authorized by German tidy power supplier TrailStone Renewables GmbH. The off-taker becomes part of the Trailstone gas, power and also products trading team had by New York-based personal equity residence Riverstone Holdings. The power supply offer was secured at the end of 2018. At the time, Canadian Solar and also Verona-based Manni Energy stated the plants would certainly have started industrial procedures in the 3rd quarter of in 2015.

Longest bargain

Canadian Solar stated the PPA pertaining to the 5 solar parks covers every one of the produced power and also is the lengthiest term bargained for such a bargain for functional centers in Italy to day.

Recently, the Ontario-based solar maker safeguarded funding for 12 unsubsidized solar projects it intends to establish throughout Italy in Sicily, Apulia as well as Lazio.

London-based Octopus Energy runs 4 solar plants in Montalto di Castro, in the Lazio area of main Italy, which have a two-year PPA to provide power to Genovese electrical power investor Ego. The plants, which have a mixed generation capability of 66 MW, were appointed in March 2018.

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